Okla. Stat. tit. 18, § 18-441-1208

association.

KNOWN CLAIMS AGAINST DISSOLVED LIMITED COOPERATIVE ASSOCIATION.

(a) Subject to subsection (d) of this section, a dissolved

limited cooperative association may dispose of the known claims

against it by following the procedure in subsections (b) and (c) of

this section.

(b) A dissolved limited cooperative association may notify its

known claimants of the dissolution in a record. The notice must:

(1) Specify that a claim be in a record;

(2) Specify the information required to be included in the

claim;

(3) Provide an address to which the claim must be sent;

(4) State the deadline for receipt of the claim, which may not

be less than one hundred twenty (120) days after the date the notice

is received by the claimant; and

(5) State that the claim will be barred if not received by the

deadline.

(c) A claim against a dissolved limited cooperative association

is barred if the requirements of subsection (b) of this section are

met, and:

(1) The association is not notified of the claimant’s claim, in

a record, by the deadline specified in the notice under paragraph

(4) of subsection (b) of this section;

(2) In the case of a claim that is timely received but rejected

by the association, the claimant does not commence an action to

Oklahoma Statutes - Title 18. Corporations Page 215

enforce the claim against the association within ninety (90) days

after receipt of the notice of the rejection; or

(3) If a claim is timely received but is neither accepted nor

rejected by the association within one hundred twenty (120) days

after the deadline for receipt of claims, the claimant does not

commence an action to enforce the claim against the association:

(A) after the one-hundred-twenty-day period; and

(B) not later than ninety (90) days after the one-hundred-

twenty-day period.

(d) This section does not apply to a claim based on an event

occurring after the date of dissolution or a liability that is

contingent on that date.